Why is Tech Mahindra falling/rising?

As of 06-Aug, Tech Mahindra Ltd. is experiencing a decline in its stock price, currently at Rs 1,456.00, which reflects a decrease of Rs 29.25 or 1.97%. The stock has underperformed its sector by 0.68% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 1,454.4, indicating a drop of 2.08%. Over the past week, the stock has seen a slight decline of 0.27%, and it has significantly underperformed in the last month with a drop of 12.03%. Despite positive factors such as high management efficiency, a low debt-to-equity ratio, and consistent positive results over the last five quarters, the stock's long-term growth prospects appear poor, with an annual operating profit growth rate of only 6.59% over the last five years. Additionally, the stock is trading at a premium compared to its peers, which may deter potential investors.
In the broader market context, Tech Mahindra's recent performance contrasts with the benchmark index, the Sensex, which has declined by 1.15% over the past week. While the stock has shown some resilience with a 37.56% return over the last three years, it has consistently underperformed against the benchmark in recent periods, generating a return of -1.62% over the past year. This consistent underperformance, coupled with high valuation concerns and a premium price-to-book ratio, may contribute to investor hesitation, leading to the current downward trend in the stock price.